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A Consumer's Budget Line for Food (F)and Shelter (S)is Represented

Question 47

Multiple Choice

A consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S.If the price of shelter increases by 2 and consumption of shelter remains constant at 20,how will consumption of food change?


A) decrease by 10
B) decrease by 20
C) decrease by 40
D) decrease by 60

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